Correlation Analysis Between Realty Income and Agree Realty

This module allows you to analyze existing cross correlation between Realty Income Corporation and Agree Realty Corporation. You can compare the effects of market volatilities on Realty Income and Agree Realty and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Realty Income with a short position of Agree Realty. See also your portfolio center. Please also check ongoing floating volatility patterns of Realty Income and Agree Realty.
Horizon     30 Days    Login   to change
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Comparative Performance

Realty Income  
00

Risk-Adjusted Performance

Over the last 30 days Realty Income Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough quite persistent forward indicators, Realty Income is not utilizing all of its potentials. The current stock price mess, may contribute to short term losses for the partners.
Agree Realty  
00

Risk-Adjusted Performance

Over the last 30 days Agree Realty Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Agree Realty is not utilizing all of its potentials. The existing stock price disturbance, may contribute to short term losses for the investors.

Realty Income and Agree Realty Volatility Contrast

 Predicted Return Density 
      Returns 

Realty Income Corp.  vs.  Agree Realty Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Realty Income Corporation is expected to generate 0.98 times more return on investment than Agree Realty. However, Realty Income Corporation is 1.02 times less risky than Agree Realty. It trades about 0.01 of its potential returns per unit of risk. Agree Realty Corporation is currently generating about -0.02 per unit of risk. If you would invest  7,449  in Realty Income Corporation on November 11, 2019 and sell it today you would earn a total of  9.00  from holding Realty Income Corporation or generate 0.12% return on investment over 30 days.

Pair Corralation between Realty Income and Agree Realty

0.95
Time Period3 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Realty Income and Agree Realty

Realty Income Corp. diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Realty Income Corp. and Agree Realty Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Agree Realty and Realty Income is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Realty Income Corporation are associated (or correlated) with Agree Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Agree Realty has no effect on the direction of Realty Income i.e. Realty Income and Agree Realty go up and down completely randomly.
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